But it does include the early 1973 - 1974 global bear market where many global markets traded at single - digit P / E multiples. (hussmanfunds.com)
During global bear markets this weak «performance breadth» is standard stuff. (hussman.net)
The authors of a note sent out to clients on Monday keep a «global bear market checklist,» with factors like global price - earnings ratios, global earnings growth, global investment growth, analyst bullishness, the net debt of companies compared to their earnings, and levels of M&A and IPOs as a percentage of market caps. (businessinsider.com)